The final report of the congressionally chartered US Commission on Wartime Contracting in Iraq and Afghanistan says at least $31 billion has been lost to contract waste and fraud, and that major reforms are required. Commission reform objectives include improving federal planning for use of contracts, strengthening contract management and oversight, expanding competition, improving interagency […]
Tag Archives | Commission on Wartime Contracting
US Wastes $34bn in Afghan and Iraqi Contracting
By Editor on 25th July 2011 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Public Works News
Reuters reports that the United States has wasted $34 billion [40 trillion Iraqi dinars] on service contracts with the private sector in the wars in Iraq and Afghanistan, according to a study being finalized for Congress. The findings by a bipartisan congressional commission were confirmed to Reuters by a person familiar with the draft of […]
The Next Baghdad Boom
By Jody Ray Bennett for ISN Security Watch In hopes of making good on a campaign promise just months before the November elections, President Barack Obama successfully oversaw the last of combat troops depart from Iraq just a few weeks shy of the 31 August deadline. While 50,000 soldiers will remain in Iraq as ‘advisors,’ […]